The cheapest six stocks in November
Investing at the extremes.
Here are the companies currently at the top of Dr Keith Anderson’s ‘six of the best’ tables of extremely cheap stocks.
All but one have appeared in previous selections. Johnston Press (JPR) now holds the record. It’s been in the top six a total of six times since we started publishing the [...]
Johnson blip may not presage recovery
That green shoot could wither
Old friend Johnson Service (JSG), a shrinking mini-conglomerate whose most visible business may be its dry cleaning chain, published its annual report last month. A year ago, I described its gradual meltdown:
…the drip-drip-drip of collapsing ambition, rising costs, falling margins, resignations, dividend cuts, write-offs, profit warnings, refinancing and ultimately dramatic recovery, [...]
The cheapest six stocks in November
Here are the cheapest six stocks in November, as measured by Dr Keith Anderson’s Naked Price Earnings ratio:
As I’ve described many times, this measure boosts the predictive power of the PE by accounting for a company’s long-term profit record, its size, and its business. In other words, companies with low PE ratios do slightly better than companies [...]
Fractal finance and the dull thing about buses
Looking back on my notes on Darwen (DHP), here are some quotes from the 2006 accounts of Optare*1, the bus company Darwen is buying on July 14 may be buying (*see below), that reveal a slightly more downbeat view of the bus biz. My notes follow them:
The market for new passenger vehicles is relatively static [...]
